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First Republic Seeks Outside Help As Depositors Withdraw $70 Billion

March 22, 2023
First Republic Bank
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First Republic Seeks Outside Help As Depositors Withdraw $70 Billion

March 22, 2023
Struggling lender First Republic Bank is reportedly seeking outside help to remain in business. The bank has hired financial advisor Lazard Ltd. to assist with a review of its options, and tapped consulting firm McKinsey & Co. to come up with a plan for after the crisis, the Wall Street Journal (WSJ) reported Tuesday (Mar. […]